This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm ... (Read 131 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's total variable costs?
 a. 1000
 b. 3000
 c. 5,000
 d. 7,000

Question 2

Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's fixed costs?
 a. 9,000
 b. 10,000
 c. 11,000
 d. 12,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Controlled cold compression unit. Controlled cold compression unit.
A cutaway view of a typical variable fuel sensor. A cutaway view of a typical variable fuel sensor.
If P(x,- 3/7) on the unit circle,x can be written as ± r sqrt s / t , r is ≠ 1. The value of ... If P(x,- 3/7) on the unit circle,x can be written as ± r sqrt s / t , r is ≠ 1. The value of ...
Jason Isbell and the 400 Unit - If We Were Vampires Jason Isbell and the 400 Unit - If We Were Vampires
Variable expressivity as shown in flies homozygous for the eyeless mutation in Drosophila Variable expressivity as shown in flies homozygous for the eyeless mutation in Drosophila
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library